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I think I agree with you. Logically it should be as you say. If you
inputted the code as it stands you may have an error message coming
up since sellprice isn't defined until after it is used.
Sam
--- In amibroker@xxxxxxxxxxxxxxx, "walkegra" <walkegra@xxxx> wrote:
>
> The AmBroker help file writes:
>
> Quote:
>
> BuyStop = ... the formula for buy stop level;
> SellStop = ... the formula for sell stop level;
>
> // if anytime during the day prices rise above buystop level
> (high>buystop)
> // the buy order takes place (at buystop or low whichever is
higher)
> Buy = Cross( High, BuyStop );
> // if anytime during the day prices fall below sellprice level (
low
> < sellstop )
> // the sell order takes place (at sellstop or high whichever is
> lower)
> ### Sell = Cross( SellPrice, SellStop); ###
> BuyPrice = max( BuyStop, Low ); // make sure buy price not less
than
> Low
> SellPrice = min( SellStop, High ); // make sure sell price not
> greater than High
>
> UnQuote
>
>
> Unless I misunderstand the content of the SellPrice variable I
> believe the line marked ### above should read:
>
> Sell = Cross(SellStop, Low);
>
> as this would trigger when Low dipped below SellStop. Is this
> correct or am I missing something?
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